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Representative Finance Example
Product
Conditional Sale
Cash Price
£5,995.00
Total Deposit
£599.50
Total Amount of Credit
£5,395.50
First Payment
£126.40
58 Monthly Payments
£126.40
Final Payment
£126.40
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,188.50
Total Amount Payable
£8,183.50
Annual Fixed Interest Rate
6.40%
Representative APR
15.30%
Product
Conditional Sale
Cash Price
£5,995.00
Total Deposit
£599.50
Total Amount of Credit
£5,395.50
First Payment
£126.40
58 Monthly Payments
£126.40
Final Payment
£126.40
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,188.50
Total Amount Payable
£8,183.50
Annual Fixed Interest Rate
6.40%
Representative APR
15.30%
Product
Conditional Sale
Cash Price
£5,995.00
Total Deposit
£599.50
Total Amount of Credit
£5,395.50
First Payment
£126.40
58 Monthly Payments
£126.40
Final Payment
£126.40
Agreement Duration
60 months
Admin Fee
£0.00
Option to Purchase Fee
£10.00
Interest Charges
£2,188.50
Total Amount Payable
£8,183.50
Annual Fixed Interest Rate
6.40%
Representative APR
15.30%